Whenever a well-known bearish analyst is interviewed in the financial press, it usually coincides with an important near-term market bottom — Clif Droke

1. 2Q GDP — U.S. economic growth slowed to 1.6% in the second quarter.
2. Magazine Cover — on Aug 22, the New York Times published what may as well have been entitled “The Death of Equities II.”
3. Bullish Sentiment at Lowest Level Since March 2009 — according to AAII, Bullish sentiment fell 9.4 percentage points to 20.7% in the latest AAII Sentiment Survey. This is the lowest that expectations for stock prices to rise over the next six months have been since March 5, 2009. The historical average is 39%.

4. FOMC Chairman Bernanke stated the Fed Ready With Stimulus — economic recovery has weakened more than expected and the Fed is ready to take further steps if needed to spur slowing growth.
5. Is the Bond Market a Bubble ? — an interesting chart from the Bespoke Investment Group depicting the historical yield on the 10-year US Treasury going back over 50 years;

6. Yen rises to multi-year highs — the yen reached its highest level against the dollar in fifteen years, and the highest level against the euro in nearly nine years this week;

The week ahead — Economic data:
1. 8/31 — Consumer Confidence
2. 9/1 — Construction Spending
3. 9/2 — Export Sales; Factory Orders
4. 9/3 — Unemployment;